Greencastle Borough Council adopts balanced 2013 budget

The $2,568,445 spending plan does not include a real estate tax increase.

Comment

By Colleen Seidel/The Record Herald

Waynesboro Record Herald - Waynesboro, PA

By Colleen Seidel/The Record Herald

Posted Dec. 17, 2012 at 11:00 AM

By Colleen Seidel/The Record Herald

Posted Dec. 17, 2012 at 11:00 AM

GREENCASTLE — Greencastle Borough Council adopted a 2013 operating budget for the borough during its Dec. 3 meeting.
The $2,568,445 spending plan does not include a real estate tax increase. The borough's property taxes currently sit at 11 mills. The budget includes the institution of a $52 Local Services Tax per individual who works in the borough.
The Borough of Greencastle operates on an enterprise funding system where money is allocated into separate funds for separate operations. The borough's total operating costs come from the general and sewer funds.
General fund
The 2013 general fund is balanced. Total revenues and expenditures for the general fund will equal $1,343,150.
The bulk of the borough's revenue — nearly 77 percent — will come from taxes, generating a total of $1,033,000. The borough expects to take in $439,000 from real estate taxes and $594,000 from local taxes, which include the per capita tax, the real estate transfer tax and the earned income tax.
Most of the borough's expenses for 2013 will be spent on police department operations. The budgeted $549,665 for the department will make up 40.9 percent of expenses.
Other major expenses include general services for streets at $146,075 and street construction at $112,500. Another $106,180 is budgeted for administration costs.
Sewer fund
The borough's sewer fund has a projected surplus for 2013 of $19,085. Expenditures for the fund will equal $1,225,298 with revenues equaling $1,245,070.
Administration costs taken from the sewer account are budgeted at $255,885. The bulk of revenues for the sewer fund will come from charges for metered sales, sewer connection fees and rooter services.